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What two measures have been developed in recent years that subtract for the depreciation of both manufactured capital and natural capital?
The environmentally adjusted Net Domestic Product (EANDP) and the measure of Genuine Saving.
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
problem solving
compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
what is microeconomics in business decision
-1- ASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100.0
Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others
Illustrates the key terms of excise tax? Terms of excise tax: a. Tax incidence • Who bears the load of the tax? b. Excess burden or Deadweight loss • Taxes inflict
Would a risk loving person prefer an increase in the chance of winning the lottery by 20% or an increase in the jackpot of 20%
#1 explain with the aid of diagram the effect of an increase in demand for palm oil on the equilibrum position for palm kernel
illustrate graphically the influence of an increase in immigrants on the market supply of labour
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